Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.001%
Price spread now: Nado against Derive+0.054%7-day average +0.024% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.225%+$23 · spread now +0.054%, 7d avg +0.024%
=Together, before fees+0.239%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Nado is 0.030% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 92.806 | 0.0087 | pay 0.0011% / 1h | 5m 55s | $16.1M | $7.5M | 10x |
| Short | Nado HYPE-PERP | 92.856 | 0.0100 | get 0.0012% / 1h | 5m 55s | $5.8M | $43.0M | 10x |
Derive HYPE-PERP
Nado HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.8
- Price spread: +0.054% → +0.024%
- $2.98
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$7.23
- Costs to cover
- 0.130%
- Break-even
- 25.1 days
Slippage unknown: Derive: no order-book sample; Nado: live order book, 3 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Derive no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 3 min ago | 0.05 bp | 3.7 bp −$4 | 5.7 bp −$57 | 26.8 bp −$2,676 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0928% | 1h | 92.977 | +0.184% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.764 | −0.045% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0134% | 1h | 92.830 | +0.026% | $698K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.889 | +0.090% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0080% | 1h | 93.147 | +0.368% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 92.798 | −0.008% | $86K | $346K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 92.823 | +0.019% | $154K | $655K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.900 | +0.102% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.862 | +0.061% | $23K | $316K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.868 | +0.067% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0004% | 1h | 92.820 | +0.015% | $111K | $579K | 20x | as long as short |
| Aster HYPEUSDT | +0.0011% | 4h | 92.840 | +0.037% | $8.8M | $35.9M | 300x | as long as short |
| Phemex HYPEUSDT | +0.0018% | 8h | 92.888 | +0.089% | $12.5M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.210 | +0.436% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0038% | 4h | 92.831 | +0.027% | — | $53.0M | — | as long as short |
| Gate HYPE_USDT | +0.0042% | 4h | 92.857 | +0.055% | $44.3M | $55.7M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0046% | 8h | 92.820 | +0.015% | $319.2M | $276.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0072% | 8h | 92.830 | +0.026% | $113.2M | $298.2M | 50x | as long as short |
| Derive HYPE-PERPlong | +0.0087% | 1h | 92.806 | long leg | $16.1M | $7.5M | 10x | |
| Binance HYPEUSDT | +0.0091% | 4h | 92.824 | +0.020% | $375.5M | $880.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0094% | 4h | 92.819 | +0.014% | $88.9M | $81.4M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 92.913 | +0.115% | $339K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.861 | +0.059% | $16.1M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.852 | +0.050% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.824 | +0.020% | $67K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.860 | +0.058% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERPshort | +0.0100% | 1h | 92.856 | +0.054% | $5.8M | $43.0M | 10x | |
| Hyperliquid HYPE | +0.0100% | 1h | 92.898 | +0.099% | $2.03B | $654.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.898 | +0.099% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.850 | +0.048% | $45.8M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.812 | +0.007% | $224.4M | $96.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.826 | +0.022% | $7.4M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.797 | −0.010% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.172 | +0.395% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.081 | +0.297% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.040 | +0.252% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.930 | +0.134% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.887 | +0.088% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.802 | −0.004% | $79K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.852 | +0.050% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.825 | +0.021% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | +0.376% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.809 | +0.004% | $18.3M | $42.8M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.816 | +0.011% | $395K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0114% | 4h | 93.123 | +0.342% | $5.0M | $28.9M | 30x | as long as short |
| HTX HYPE-USDT | +0.0115% | 4h | 92.965 | +0.172% | $1.4M | $6.1M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 92.850 | +0.048% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 92.826 | +0.022% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0269% | 8h | 92.920 | +0.123% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 92.855 | +0.053% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0331% | 1h | 92.928 | +0.132% | $7.4M | $4.4M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0335% | 4h | 92.971 | +0.178% | $16.9M | $11.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 92.930 | +0.133% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.390 | +0.629% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0689% | 1h | 92.914 | +0.116% | $20.6M | $29.9M | 50x | as long as short |
Bullet HYPE-USD
Aster HYPEUSDT
Phemex HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD